secwatch.observer — SEC 8-K summary
======================================

Issuer:     INDEPENDENT BANK CORP (INDB)
CIK:        0000776901
Form:       8-K
Filed at:   2025-10-16T23:59:59+00:00
Accession:  0000776901-25-000302
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Independent Bank posts Q3 operating EPS $1.55; Enterprise acquisition boosts NIM to 3.62%
--------------------------------------------------------------------------------

- GAAP net income $34.3M ($0.69 diluted EPS); operating net income $77.4M ($1.55 diluted EPS).
- Net interest margin up 25 bps QoQ to 3.62%; loans +27% to $18.5B, deposits +27.7% to $20.3B.
- Completed Enterprise Bancorp acquisition July 1; acquired $3.9B loans and $4.4B deposits for $503M consideration.
- Pre-tax merger costs $23.9M; provision for credit losses included $34.5M from acquiring Enterprise non-PCD loans.
- Repurchased ~365K shares for $23.4M; tangible book value $46.63 per share, down 4.4% QoQ.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/776901/000077690125000302/0000776901-25-000302-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/776901/000077690125000302/indb-20251016.htm
  HTML page:      https://secwatch.observer/filing/0000776901-25-000302

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer